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Three ducks forex strategy

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three ducks forex strategy

Trading System Test: 3 Ducks Trading System · 1. Stop loss: Place initial stop loss 30 pips above or below trigger price. · 2. Profit target. forexinfo-news.com › Akarawat99 › theducks-trading-system. There are three ducks, the first duck will help you to identify the last up or down trend, the second duck helps to confirm the direction of the trend and the third duck will help to identify buying or selling opportunity in the direction of the trend. FOREX GENERATOR 6 The Securities and Exchange Commission is. Exit the manual Namespace at the top of your source file by. Automated signature updates this special software for almost 2 on FortiGuard intelligence, Fortinet's network security platform is tested what the issue from bugs and third-party testing labs.

Important: If the current price was to be below the 60 sma on this chart we could not move on to step 3. From step 1 and 2, current prices need to be above their 60 sma's on each chart. We are now on the 5 min chart and we are looking to buy when price crosses above the 60 sma. For extra confirmation we should let prices break the last high on the 5 min chart.

This would mean that prices will be above their 60 sma on all 3 time-frames, therefore all 3 Ducks are lined up in the same direction. Stop-Losses : This is where you can make this system your own. If you are a short term trader you may want to put your stop-loss below the lows on the 5 min or the 1 hr chart. If you are more of a positional trader you may wish to put your stop-loss above a low on the 4 hr chart.

You could also use a fixed stop-loss, maybe pips or more from entry. It all depends what type of a trader you are, so you decide! If you are a longer term trader or investor, this system can help you get a good entry point into the market. Another "trick" that may help you preserve capital, if you do buy and prices get back below the 5 min 60 sma by 10 pips not a good sign you may want to cut your losses short before your stop-loss.

But if you are a longer term trader this may not be a big deal for you. Targets : Same again, depends what type of a trader you are but target can be support or resistance levels. I like this system a lot as it does not try to out-guess the markets movements and pick tops and bottoms.

The system will quickly tell you to be a buyer or a seller. The best time I found for trading this system is the European and US sessions. I like to use this system as a guide in addition to my own market knowledge. Take care to watch what is going on around you - economic new releases, holidays etc. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.

Read more in the Terms of Use. Get started. Trend Analysis Moving Averages forexsignals forextrading strategy. The 3 Duck's Trading System from Babypips. It is a system that is mainly for beginners because it teaches you discipline, learning to cope with price moving against your position and learning to stay in a trade and keep profits running.

For the thread and more info on the 3 Duck's Trading System click here How does it work? The Rules, er, the Ducks! The Ducks must all be in a row for a trade to take place! Duck 1 - To go long, price must be above the 60 SMA on the 4 hour chart. Duck 2 - To go long, price must be above the 60 SMA on the 1 hour chart. Duck 3 - To go long, price must cross above the 60 SMA on the 5 minute chart and the 60 SMA of the 5 minute chart must be below that of the 4 hour and 1 hour chart.

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Our chart shows that the price level is below the white line; therefore it is not expected that the price will change direction in the near future of course, on condition that there will not be important news releases. The price is below the moving average. We can conclude that the global trend is descending; so in the short-term, it is advisable to open sell positions. We will not consider signals to buy until the moving average line goes below the price level. The third step or a «Duck» as it has been called by the strategy creators will be done on the five-minute timeframe where we will search entry signal.

We have a signal to open a sell position if, after crossing the moving average line from top to bottom, the price will consolidate there. The chart shows that it has not happened yet; therefore, a trader shall not open a buy positions as the main rule of trading suggests not to trade against trend. We remember that, according to the higher timeframes, global trend is descending.

Authors of this strategy recommend traders to use currency pairs with high volatility and trade on the European and American trading sessions because even during these sessions an indicator will give only few signals. Traders are recommended to choose one of the ways of placing protective orders depending on the trading strategy:. As you can see, the strategy is very simple; however it does not consider some factors, which can affect price movement.

Home For beginners Trading Strategies Three ducks strategy: profit hunt. Strategy specifics and indicators The main indicator used in the «Three Ducks» strategy is a moving average with the period 60 and the application cover on Approach, as shown in the figure above. Stage 1 First a trader shall examine four-hour timeframe and compare the position of the price versus to the moving average line. Stage 3 The third step or a «Duck» as it has been called by the strategy creators will be done on the five-minute timeframe where we will search entry signal.

Protective orders Traders are recommended to choose one of the ways of placing protective orders depending on the trading strategy: For the long-term trading: stop-loss level is at the high or low on the four-hour timeframe. In accordance with the money-management rules, take-profit order is placed at the distance at least twice as much as the distance between the price level and the stop-loss level.

For the medium-term trading: the stop-loss level is the next point of Fibonacci grid. If Fibonacci level is 20 points closer to the point of opening a trade, it is advisable to use the next level. When all the conditions described above are satisfied, further analysis of the 5- minute chart should be conducted. Once the SMA 60 crosses the price when it declines and the price is raising in the M5 period, it the time for sending an order to sell. If, however, the breakdown of the local minimum occurs at the same time, one should consider as a sign for the transaction that is to sale even more.

In this case, one can see that all periods of time, which were a subject to the analysis described above, have a price value under the SMA 60 , and hence a stable forex strategy indicates that all three ducks move in one direction. The stable forex strategy should enable the trading in any direction to give an opportunity to the trader to make profit all the time. The strategy "3 ducks" presented above provides the possibility to show the trader the best direction for transaction in the shortest period of time.

And its simplicity is in the fact that this strategy is based on the usual observing of the current trend. Source: Dewinforex. Join us:. Forex About the site. Risk Disclosure: Dewinforex. All information is provided for reference and cannot be considered as a recommendation. Website administration is not responsible for damages resulting from the use of the information provided.

Settlement of transactions in the foreign exchange and stock markets involves taking concomitant, high risks by the trader. Before you start trading, you need to understand how much you can lose, and in no case change this amount. Please only risk with the funds available to you, and do not use borrowed money in trading.

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